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RIO Amundi MSCI Brazil UCITS ETF Acc

16.693
0.135 (0.82%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Amundi MSCI Brazil UCITS ETF Acc EU:RIO Euronext Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.135 0.82% 16.693 16.52 17.00 16.776 16.693 16.776 209 13:05:00

Brazil Vale Iron Ore Pellet Production Up On China Demand Signs

28/04/2009 4:50pm

Dow Jones News


Amundi MSCI Brazil UCITS... (EU:RIO)
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Production restarted late-March in three more pellet plants thanks to signs of a pickup in Chinese demand, Brazilian mining giant Companhia Vale do Rio Doce (RIO) said Tuesday.

The three plants are run by Samarco Mineracao S.A., a Vale joint venture with BHP Billiton (BHP).

Vale said it was currently operating just three of its nine wholly-owned iron ore pellet plants: Tubarao 1, Kobrasco and Vargem Grande.

Vargem Grande, a new seven million metric tons a year plant, started up at the end of March, producing just 4,000 tons.

According to Vale's quarterly output report released Tuesday, pellet production fell 73.4% to 2.885 million tons in the first quarter of 2009, compared to the year-ago quarter.

-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086; John.Kolodziejski@dowjones.com

 
 

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